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@realMaalouf Repatriating is very difficult. Easyer was not bring them and not let them to settle down. Now there is every advice costly. To clean up will be painfull! And necessary update.
@RealAmVoice That's expectable from so called ,,democrats,, to do what it is necessary to destroy the society with in, in order to get to the power!All these wankers/doctors/ were only confident because they felt power behind their back=democ-rats!
💷 The Real Grievance
The argument goes that Norway nationalized its boom via Statoil (now Equinor) and salted away over a trillion dollars in a sovereign wealth fund, while Britain let private companies keep most of the profit—so the public got a fraction of what the resource was worth. That's a fair debate about fiscal policy, but it's a long way from "sold the North Sea to ExxonMobil."
Exxon's actual UK presence: it operated fields and infrastructure, but it was never the owner of the North Sea, and it's been selling off its UK assets entirely in recent years.
TL;DR: Thatcher didn't sell the North Sea to anyone. She made it cheaper for private oil companies—Exxon being one of many—to profit from publicly owned resources. That's the kernel of truth under the myth.
Did Margaret Thatcher sold the North Sea off to fucking ExxonMobile?
No. Margaret Thatcher never sold the North Sea to ExxonMobil. You're conflating a few real things into one myth, so let me untangle them.
🛢️ What Actually Happened
The North Sea was never "sold." The UK government licenses oil and gas exploration and production to many companies through a concession system. Exxon (later ExxonMobil) was one of dozens of operators—Shell, BP, ConocoPhillips, Total, Statoil, and plenty of others all held North Sea licenses at various points. No single company ever bought it, and the seabed and resources remained Crown/state property.
Thatcher didn't even privatize it into existence. The North Sea bonanza started under Labour governments in the 1960s–70s. The first major discovery (Forties field, 1970) and the early licensing rounds all predate Thatcher's 1979 election. What she did was:
Cut the tax take. She slashed Petroleum Revenue Tax (PRT) rates and abolished royalties on new fields, which made extraction more profitable for private firms.
Privatize Britoil (the state's stake in the North Sea) in 1982.
So the criticism people level at her is that she gave away too much of the windfall to private capital, not that she literally sold the sea to Exxon.
@commentaryhower It is a cancer of every free society.There is only vaccine : inteligence and experience. You want to turn your country in to Iran?Cuba?Etc?So accept them, marry them, have children with them and so on.The results is here already seen by naked eye.
@GuntherEagleman It is just completely so well known play book of communists. To set the poor against well situated. To make poor believe that the rich are stealing from them , their money, opportunities etc. It is so much easier to steal than to work isn't it?
@elonmusk You are sitting on the wrong seat.The second world war historical facts are not related to our present days.Except we should learn from it not to repeat it. It is definitely not the politic justification of some party or other.Yes Hitler was socialist but at first Faschist.
@jmilei_english The untouchable private property at first. Thats the engine to inspire people.If it is yours- you care.If it belong to government- who cares?